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FEDERAL statistic release ' • f*4L REst. iH.5 RESERVE For immediate release March 22, 1968 Reserve Positions of Major Reserve City Banks Reserve Period Ended March 13, 1968 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 5 banks 33 other in Chicago banks Reserve excess or deficiency (-) 1/ 172 125 47 7 41 /Less: 451 219 232 11 220 1,108 277 831 266 564 -1,387 -371 -1,015 -271 -744 12.4 8.2 15.3 26.3 13.2 Borrowings from Reserve Banks .Less: Net interbank Federal funds purchases or sales (-) 2/ ^Equals: Net basic reserve surplus or deficit (-): ^ a. Net amount t b. As per cent of average required reserves 1/ ,2/ Reserves held after all adjustments applicable to the reporting period less the sum of required reserves and carryover reserve deficiencies. For details see Federal Funds Transactions of Major Reserve City Banks. Note: — Averages of daily figures. k t ' u > H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended March 13, 1968 (In millions of dollars) 46 banks A. 5 banks 33 otheg, in Chicago banks Y v Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. 1/ 38 banks outside New York Interbank Federal funds transactions 1. B. 8 banks in New York City Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 2,667 1,559 1,275 906 629 566 1,761 931 709 449 182 182 1,313 748 526 v r v V V 266 786 * 1,392 339 1,053 285 63 222 — 222 1,108 277 831 266 564 1,507 926 581 84 84 1,423 841 4 v Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans -- 20 V 581 20 2/ Federal funds loaned, net funds supplied to each dealer by clearing banks* repurchase agreements (purchases of securities from dealers subject to resale) or other lending arrangements. 3/ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities to dealers subject to repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Averages of daily figures. v — Derived from averages for individual banks for entire week. Figure for each bank indicates extent to which its weekly average purchases and sales are offsetting; that is, it is the lesser of the two amounts. Gross purchases less 2-way transactions equals net purchases of net buying banks. Similarly, gross sales less 2-way transactions equals net sales of net selling banks. Note: — 561 561 y. v 1
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